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89103843
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89103843
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Last modified
10/20/2011 6:00:21 AM
Creation date
10/20/2005 9:47:24 PM
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DEEDS
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89103843
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r � <br />8960s: 103843 <br />FRider to Mortgage /Deed of Trust -VA <br />This rider supplements and amends the Mortgage /Deed of Trust of even date here- <br />with by and between Home Federal Sav'ng a d loan Association of Grand Island as <br />Mortgage /Beneficiary and MarvV �. Krueger <br />and <br />Gail A. Krueger , husband and wife, and <br />r a single person, and <br />a single person as Mortgagors /Grantors, and this rider is incorporated in and by <br />reference made a part of the aforesaid Mortgage /Deed of Trust, as follows: <br />This loan is immediately due and payable upon transfer of the <br />property securing such loan to any transferee. Unless the <br />acceptability of the assumption of the loan is established pur- <br />suant to set-ticoA #17A of Chapter Y. Title 38, United States <br />Code. <br />A fee equal` to one =half of 1 gear --? It of the aalrance of this laap' <br />as of the date of transfer ' of -tare property`- sha?il be payable at <br />the time of transfer to Home Federal ravings'and Loan Associat$bn <br />of Grand Island or its authorized agent. As trustee for the <br />Administrator of Veterans Affairs. If the assumer fails to pay <br />this fee at the tirr e..a"f, transfer, the fee shall, constitute an <br />t additional,.. debt to _that airazdy secured by this instrument, shai', <br />bear intereitt at t1*,,e 'fate herein provided, and, at the ,cptibn qf.' � <br />Home. Federal'Savings< and Loan Association of Grand Island hereby' ' <br />secured or avy transferee thereof, shall be immediately due and <br />payable. 'Th'is fee is automatically waived if the assumer is exempt <br />under the provisions of 38 U.S.C. 1829(8)_ <br />Upon application for approval to allow assumption of this loan, <br />a processing fee may be charged by Home Federal Savings and Loan <br />Association of Grand Island or its authorized agent for deter- <br />mining the creditworthiness of the assumer and subsequently re- <br />vising ownership records when an approved transfer is completed. <br />The amount of this charge shall not exceed the maximum established <br />by the Veterans Administration for a loan to which section 181.7A <br />of Chapter 37, Title 38, United States Code applies. <br />If'._t.his obligation is assumed, then the assumer hereby agrees.tO <br />aeswe all of the obligations of the"veteran tinder the terms of... <br />4 tho "instruments creating and securing the loan;; including the <br />obligati.pmo:f the veteran to indemnify the Vikerans Administration <br />to t1# s t t of any claim payment arising from the guaranty or <br />insu• ai r+' e , of the indebtedness created by this, instrument. -t <br />In witness whereof, Ob"Agagors /Grantors•have executed this rider this <br />26 Date 0 July , 19 89 <br />n <br />The title "Secretary of Veterans <br />Affairs" shall be substituted Mani, n B. Krue er <br />for that of " Aministrator of Veterans <br />Affairs" each time that it appears Gail A. Krueger <br />in this document pursuant to the <br />provisions of section 2, Pub. L. <br />No. 100-527, the department of <br />Veterans Affairs Act. <br />L • <br />
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